A trio of former Citibank employees Alex Kriete, Greg Girasole, and Frank Cavallo has established a crypto investment management firm named Motus Capital. Former Citi bank execs launched an investment management company dedicated to crypto Via @strack_ben https://t.co/yZjedLwvSD — Blockworks (@Blockworks_) April 7, 2022 Citibank Observes Employees Flocking Towards Crypto The details of the newly launched firm are scant. However, Kriete had shared on her LinkedIn, that the objective of the trio was to set up the crypto investment corporation. “Decades of combined experience advising and managing a client’s wealth in the cryptocurrency sector.” Before disclosing the establishment of Motus Capital, Alex Kriete had stated in a press release, “Financial institutions have a hard time keeping pace in this market. However, we are excited to build something that caters to these people.” Earlier, while being employees of Citibank, Kriete and Girsaole were in-house experts who have started an internal, crypto-focused newsletter. Their departures from the financial service corporation raise concerns about the talent flowing into the crypto sector. Overview of Citibank’s Perspective A recent report of the multinational financial services firm states that Citibank expects the Metaverse to be worth the value between $8 and $13 trillion by 2030. In accordance with “Metaverse and Money, Decrypting the Future,” Citi believes that the Metaverse ...
